Deposit Replacement Scheme definition
Deposit Replacement Scheme means an agreement entered into by the Tenant and another party as an alternative to the Tenant paying a tenancy deposit which is intended to provide the Landlord security for losses arising from the Tenant’s breach of the Tenancy.
Examples of Deposit Replacement Scheme in a sentence
In order for your chosen agency/landlord to offer the Dlighted Deposit Replacement Scheme in respect of the proposed AST they need to on their own and on the behalf of Dlighted Limited (Dlighted) to collect and retain certain details about you and your proposed tenancy to enable them and any future agents/landlords to check the Trusted Tenant™ status and secure access to the Deposit Replacement Scheme.